Ataa’s earnings edge up 0.8% in first half of 2019-2020

02/03/2020 Argaam Exclusive

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Ataa Educational Co. reported a net profit after Zakat and tax of SAR 33.54 million for the 6-month period ending Jan. 31, 2020, an increase of 0.77% year-on-year (YoY), the company said in a bourse statement.

The earnings rise was mainly attributed to a 5% jump in revenue YoY due to a 4% rise in the number of students.

Financials (M)

Item	6m 2019	6m 2020	Change‬
Revenues	157.91	165.59	4.9 %
Gross Income	45.29	50.41	11.3 %
Operating Income	34.20	37.07	8.4 %
Net Income	33.28	33.54	0.8 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.83	0.84	0.8 %

Net profit for Q2 2019/2020 increased 6.9% YoY to SAR 17.28 million, driven by higher revenue on increased number of students, despite higher cost of finance.

On a quarterly basis, Q2 earnings rose 6.34%.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2019	Q2 2020	Change‬
Revenues	80.39	84.48	5.1 %
Gross Income	22.39	24.89	11.1 %
Operating Income	16.83	18.57	10.3 %
Net Income	16.16	17.28	7.0 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.40	0.43	7.0 %

Item	Q1 2020	Q2 2020	Change‬
Revenues	81.11	84.48	4.2 %
Gross Income	25.53	24.89	(2.5 %)
Operating Income	18.50	18.57	0.3 %
Net Income	16.25	17.28	6.3 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.41	0.43	6.3 %

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